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Generally, what is the amount realized by the seller upon the sale or other disposition of property? a. It is the sum of money received

Generally, what is the amount realized by the seller upon the sale or other disposition of property?

a. It is the sum of money received (which includes any debt relief) plus the fair market value of any property received.

b. The fair market value of like-kind property.

c. All of the above.

d. None of the above.

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